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Is America going to another depression?
2465 cr points
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26 / M / NJ
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Posted 9/18/08

Allhailodin wrote:


rexxar wrote:

Do you need to ask at all? Prices on food and gas is going up and people are losing jobs and money, all because of Bush decided to fight Iraq for no good reason, all he accomplished is........what did he accomplished? Oil? If it is, the country is losing more than it gain. What dark sercret does the US government hold?


The price of food and gas are going up because the fucking retarded environmentalists decided to ban offshore drilling to save a few trees. That's why we depend of foreign oil , Blame the fucking tree huggers


that and the fucking fact they tried to forced farmers to make a certain amount of their land
only for ethanol !!!

totally fucked us over....
were not brazil we can't afford to run all our cars on ethanol !
10513 cr points
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27 / M / In your room stea...
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Posted 9/18/08

AerialDeathFireStyle wrote:


Allhailodin wrote:


rexxar wrote:

Do you need to ask at all? Prices on food and gas is going up and people are losing jobs and money, all because of Bush decided to fight Iraq for no good reason, all he accomplished is........what did he accomplished? Oil? If it is, the country is losing more than it gain. What dark sercret does the US government hold?


The price of food and gas are going up because the fucking retarded environmentalists decided to ban offshore drilling to save a few trees. That's why we depend of foreign oil , Blame the fucking tree huggers


that and the fucking fact they tried to forced farmers to make a certain amount of their land
only for ethanol !!!

totally fucked us over....
were not brazil we can't afford to run all our cars on ethanol !


The tree huggers must die. Screw protecting the enviroment, so what if a few rare species die off, give us oil. And give us the oil NOW !
1681 cr points
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23 / M / =>Here
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Posted 9/18/08
One of the biggest American insurance company (I think it was AIG but I'm not sure) could go bankrupt. Houses are being disclosed everywhere. Many banks have given out too many bad loans so the insurance companies are going to pay for it. HP (a computer company) will cut about 14% (or is it 8%?) of its workers. Jobs are so hard to find these days.

Economy is very hard to recover from if it gets really worse, I'll be surprised if we can still maitain the position of being the world's largest econimy in the next few decades.

Cutting out on millitary expenses could help but its unlikely (we depend to much on selling weapons so wars will still come back to us). The teacher let us saw a video last year that talks about the war, we have spent over millions of dollars in it.
2465 cr points
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26 / M / NJ
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Posted 9/18/08 , edited 9/18/08

Allhailodin wrote:


AerialDeathFireStyle wrote:


Allhailodin wrote:


rexxar wrote:

Do you need to ask at all? Prices on food and gas is going up and people are losing jobs and money, all because of Bush decided to fight Iraq for no good reason, all he accomplished is........what did he accomplished? Oil? If it is, the country is losing more than it gain. What dark sercret does the US government hold?


The price of food and gas are going up because the fucking retarded environmentalists decided to ban offshore drilling to save a few trees. That's why we depend of foreign oil , Blame the fucking tree huggers


that and the fucking fact they tried to forced farmers to make a certain amount of their land
only for ethanol !!!

totally fucked us over....
were not brazil we can't afford to run all our cars on ethanol !


The tree huggers must die. Screw protecting the enviroment, so what if a few rare species die off, give us oil. And give us the oil NOW !






must i must say those protect the environment chicks are kind of hot

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29 / M / New York, NYC
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Posted 9/18/08
No... too much to explain but the answer is simply no. The markets will rebound eventually but the problem is how soon. Billions are being lost in every major company which is why they are in such a frenzy, not because the American economy is bust.
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76 / M / Florida, US
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Posted 9/18/08

24hours7days wrote:

One of the biggest American insurance company (I think it was AIG but I'm not sure) could go bankrupt. Houses are being disclosed everywhere. Many banks have given out too many bad loans so the insurance companies are going to pay for it. HP (a computer company) will cut about 14% (or is it 8%?) of its workers. Jobs are so hard to find these days.

Economy is very hard to recover from if it gets really worse, I'll be surprised if we can still maitain the position of being the world's largest econimy in the next few decades.

Cutting out on millitary expenses could help but its unlikely (we depend to much on selling weapons so wars will still come back to us). The teacher let us saw a video last year that talks about the war, we have spent over millions of dollars in it.

^
AIG was pretty substantial. Omg Lehmen Brothers as well... It was all due to non-liquid assets being moved around like any other bubble in the US economy. People are investing their money into money. Once something goes wrong, the limit is reached, or people begin to realize the problem and shit bricks; the bubble pops and fire is falling from the skies, babies' heads are exploding, packs of dogs are controlling neighborhoods, etc.

HP cutting jobs was already planned anyway. The portion of jobs cut from HP weren't from HP. They recently bought out another corporation, EDS (Electronic Data Systems) which is (or was) a massive IT company catering to many sectors or government, GM, airline companies, as well as...drumroll... WorldCom. So, HP is laying off EDS workers that became a part of HP this past year due to the purchase. Layoffs were expected.

As far as the US economy, I'll bet it comes down to one or more of 3 factors:
1) China 2) Insurance/Banks 3) Energy (Hopefully we move to: Ethanol, Platinum/Hydrogen, or good ol' public transportation.)


Anyway, to my post:
First thing is to cut down on market (among others like: real estate) speculation. Too many get rich on non-liquid asset schemes always create bubbles that blow up the economy. Also, we need to tighten our belts since it's almost expected that our economy will be pretty shitty at some points and that standards have to drop due to high a standard of living for such a large nation. With globalization, it's no surprise a country with a lower standard of living will take advantage of our situation.

Also, public transportation please. Or renewable energy sources. For example, the FFV movement with E85 energy. Even E20 would be a move forward.

Congress and the White House need to grow balls as well as forget about their own job security over the welfare of their nation (um...isn't this the job requirement and responsibility of a governmental leader? It's like hiring a dentist who just shakes your hand then charges you) by reforming laws dealing with domestic-based corporations.

Where the hell is another world war that will put blame on another country while controlling the population, boosting economic growth, and lowering living standards (also make people realize everything they worried about before such as driving a BMW, plastic surgery, MTV, etc means nothing when people are dying and buildings are blowing up around them).

Tighter restrictions on monopolies and corporate influences.
Posted 9/18/08
yea true normal things r gettin more expensive.... but we'll survive it i guess
1681 cr points
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23 / M / =>Here
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Posted 9/18/08

tobydiah wrote:


24hours7days wrote:

One of the biggest American insurance company (I think it was AIG but I'm not sure) could go bankrupt. Houses are being disclosed everywhere. Many banks have given out too many bad loans so the insurance companies are going to pay for it. HP (a computer company) will cut about 14% (or is it 8%?) of its workers. Jobs are so hard to find these days.

Economy is very hard to recover from if it gets really worse, I'll be surprised if we can still maitain the position of being the world's largest econimy in the next few decades.

Cutting out on millitary expenses could help but its unlikely (we depend to much on selling weapons so wars will still come back to us). The teacher let us saw a video last year that talks about the war, we have spent over millions of dollars in it.

^
AIG was pretty substantial. Omg Lehmen Brothers as well... It was all due to non-liquid assets being moved around like any other bubble in the US economy. People are investing their money into money. Once something goes wrong, the limit is reached, or people begin to realize the problem and shit bricks; the bubble pops and fire is falling from the skies, babies' heads are exploding, packs of dogs are controlling neighborhoods, etc.

HP cutting jobs was already planned anyway. The portion of jobs cut from HP weren't from HP. They recently bought out another corporation, EDS (Electronic Data Systems) which is (or was) a massive IT company catering to many sectors or government, GM, airline companies, as well as...drumroll... WorldCom. So, HP is laying off EDS workers that became a part of HP this past year due to the purchase. Layoffs were expected.

As far as the US economy, I'll bet it comes down to one or more of 3 factors:
1) China 2) Insurance/Banks 3) Energy (Hopefully we move to: Ethanol, Platinum/Hydrogen, or good ol' public transportation.)


Anyway, to my post:
First thing is to cut down on market (among others like: real estate) speculation. Too many get rich on non-liquid asset schemes always create bubbles that blow up the economy. Also, we need to tighten our belts since it's almost expected that our economy will be pretty shitty at some points and that standards have to drop due to high a standard of living for such a large nation. With globalization, it's no surprise a country with a lower standard of living will take advantage of our situation.

Also, public transportation please. Or renewable energy sources. For example, the FFV movement with E85 energy. Even E20 would be a move forward.

Congress and the White House need to grow balls as well as forget about their own job security over the welfare of their nation (um...isn't this the job requirement and responsibility of a governmental leader? It's like hiring a dentist who just shakes your hand then charges you) by reforming laws dealing with domestic-based corporations.

Where the hell is another world war that will put blame on another country while controlling the population, boosting economic growth, and lowering living standards (also make people realize everything they worried about before such as driving a BMW, plastic surgery, MTV, etc means nothing when people are dying and buildings are blowing up around them).

Tighter restrictions on monopolies and corporate influences.


Good point, we are borrowing way too much money from china and other countries. You can't stop the people in the white house, and congress too make the nation their priority and their job second. Some politicians these days are too ignorant, stupid, narrow minded, couldn't look ahead, depend too much on big businesses for support, or all of them combined. They are wasting too much money on the war killing every single terrorists that are on the other side of the world. And the money isn't even our own money. I hope the upcoming presidential election will elect a better (and smarter) president.

Well the insurance companies will fall first then the banks. After that business will suffer and more people will be layed off. After that, poor people will start to take a toll on the government to get money. Then on and on until somethin happens, like our entire economy collapses or something.

We won't switch to ethonal or other another energy source until few decades or longer later. The government thinks that it will be too expenisve to change all the cars in our nation to run on something else, Not to mention all the major oil companies out there that will protest and bribe the government.
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25 / F / Philippines
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Posted 9/19/08
Depression isn't the right word to describe America's condtion right now. In my own opinion, America is undergoing a state of economic crisis because of the undesirable government policies. Me myself is not from America and neither did I live there but according to what I have read in Yahoo news in of course in T.V. news, America has been mismanaged by the government. The republican government should do something about the tax. They should let the huge businessmen pay tax and reduce their expenses in military services and most importantly they should stop interfering in the petroleum business.

Well, as my bother said if democrats win then the condition of America will go to back to it's former condition. Let's just hope that everything will fall back into their place after all almost all of the countries depend on America.
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29 / F / new york
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Posted 10/21/08
who cares? their are people in other countries worst off than americans so who gives a dam! after all they brag that their the richest country in the world i know because i live here and i could really care less about the bitchin and moaning over prices...
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25 / M / Vancouver, Washin...
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Posted 10/21/08
lol no not at all....media is over doing this depression crap. We WERE going into a recession but this home market problem is actually good in the long run if inverters are willing to take the risks.
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Posted 10/21/08
I think we're starting to get better now... at least the oil prices aren't so high.
Posted 10/21/08
hahahah, serves them right. arrogant yankees who tries to play dictator to the world. continue your war on terror and continue to make your economy suffer you yankee idiots. the world will be happy once your reign of tyranny will end. the world has turned into an idiotic place ever since you guys assumed to world power! you guys are an eyesore, hypocrites, scumbags, whores, you guys deserve more than this!!!
Posted 10/21/08
yes
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Posted 10/21/08

dramagrl17 wrote:

I think we're starting to get better now... at least the oil prices aren't so high.


/\/\/\
It will go back up. Its a scheme for the auto industry to get rid of the gas guzzlers. We already hit our peak of oil production years ago, its downhill from now on.



It is leaning towards that direction but not certain. The value of the American dollar has dropped. In the last month alone the economy dropped 1.2%. Prices go up but minimum wage stays the same. Stock markets plummeted, businesses are closing. If we do go into a recession, it is most likely going to be the worst in history. I guess its time to get rid of my car just in case haha.
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